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10:36
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Originally posted by prawn_man:
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Amigo, I haven't always bought Corazon's offers of shares or options. Instead I have usually bought their shares on the open market. So long as I have hope of a discovery, I'll keep investing and averaging down. I agree with your argument that shareholders have been put in a tight situation. Management didn't give any bonus shares or options with this offer. Once again it shows that the stockmarket is a very tough game, and especially for investors in junior explorers. But if one junior company in 5 hits the jackpot, then it makes up for all the hard times and the losses. I'm not in LUV with Corazon, I just think it has a very good chance of giving investors a very decent capital gain. Junior explorers like Corazon usually take years before they make the big discovery. We just can't predict when it will happen. Also, perhaps management know that NOW they have a great chance of success? With nickel at about US$33,000 per ton and the big end of town starting to cirlce like sharks, something is going to happen, IMO. Enough rambling. Good luck.
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One thing about this issue is you have a chance to not be diluted if you take part in the raising.
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